Re: Will bitcoin replace gold?

first bitcoin has to gain a much more stable price.
second it has to be adopted by a very large percentage of the world and be known by everyone.
finally gold has to become obsolete so that people want to look for an alternative!
(not necessarily in this order)

then bitcoin can become kind of a reference for measuring value.

Once Bitcoin marketcap reaches 1 trillion level it will have stable price. Just like gold it has to little market cap now and can easily be manipulated but its growing fast.
See how Gold market was back in the day, very volatile like BTC. People think gold has always been stable whic is not true.

The price of gold moved a lot in the past, but thanks to markets that are very interconnected then the price of gold has stabilized but there are times when the price of gold skyrockets immensely and gold holders are waiting for that to happen similar to what we are doing with bitcoin.

But Gold never increases strongly and fastly like Bitcoin, it can not change more than 10% per day like Bitcoin. Even, Bitcoin can changes its value ~20% per day. That is the interesting of the Bitcoin market while Gold has not it.

You need to study history my friend, the price of gold can be even more volatile than bitcoin, the price of gold can change very abruptly in a matter weeks and months, those that are holding gold are waiting for that day since they can make 20 or 30 times their investment in a very small time frame.